In December 2005, Emaar-MGF hit the headlines with the largest FDI in real estate. Over half a billion dollars with a capital outlay of USD 4 billion, (Rs. 18,000 crore) was pledged towards the development of real estate projects in India. Since the coming together of the highly credible Emaar Properties PJSC of Dubai, and MGF Developments Limited, Emaar-MGF combine has firmly established itself as one of the frontrunners in the Indian real estate business
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